Yesterday, Deng Yaxuan, secretary general of the China Rubber Industry Association, revealed to the "Daily Economic News" that the association's proposal to respond to the special security case has been submitted to the relevant department.
It is reported that although President Barack Obama made a decision on September 11 that is not conducive to the Chinese side, Obama still has the right to review the case after six months. Analysts believe that our country exerts pressure on the United States through other industries, or that Obama’s re-adjudication after six months is beneficial to China.
Rubber Association makes 7 recommendations
It is reported that after collecting the opinions of various tire companies, the China Rubber Industry Association has identified seven recommendations and requirements. Among them, called on the Chinese government to raise the tire export tax rebate rate from the current 9% to 15%; the natural rubber import tariffs from 20% to 7%, in order to change the current tire companies are mostly imported processing mode, and reduce The production costs of tire companies have been submitted to the Ministry of Finance and the General Administration of Customs.
In other proposals, it called on government departments to restrict or suspend approval of capital increase, expansion or new construction projects for cars and light truck tires; strengthen management and rectification of export companies and exporters; and recommend that companies with poor product quality, low export prices, and poor reputation be eliminated. And the dealer’s right to self-government in foreign trade; to increase tariffs or limit the number of imported products such as agricultural products, machinery, and airplanes in the United States, the three proposals have been submitted to the Ministry of Commerce and are under study. Other suggestions may be submitted to the Ministry of Industry and Information Technology.
Zhao Yumin, director of the International Market Research Department of the Research Institute of the Ministry of Commerce, believes that the Ministry of Commerce is unlikely to introduce a policy of raising tariffs or restricting the number of US agricultural products, machinery, and aircraft so quickly. China has just introduced the "double countermeasures" measures and needs to be observed. And consider the reaction of the United States. If the U.S. trade protection against China is further upgraded, the possibility of these measures will not be ruled out.
After 6 months or a turnaround
“I have heard that Obama has the right to revisit this case after six months,†said Cai Weimin, secretary general of the tire division of the China Rubber Industry Association. “The Ministry of Commerce is considering this matter.â€
It is understood that according to Article 421 of the U.S. Trade Act, Obama has the right to review the case after six months and respond to U.S. International Trade Association to decide whether to amend or withdraw this tariff. Zhao Yumin said that this shows that the United States has the possibility of reassessing the China Tire Special Insurance. Before this, industry organizations such as the US Tire Industry Association had expressed their opposition to the use of special protection measures against Chinese tires.
A Boeing Chinese company official told reporters yesterday that at present, the company can not comment on the above proposal, because the Chinese authorities did not issue official documents to increase tariffs or limit the number of aircraft imports.
View related topics: China and the United States tire special security case
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